http://www.kotaku.com.au/2009/07/the-gears-of-war-screenplay-our-thoughts/
Based on that summary, it sounds like it might be an almost not completely shit adaptation. Then again they've picked the right franchise, not too much story and lots of shooties and explosions.

The spiritual sequel to Doom the movie :D :D
Will the Rock be playing a lead role in this one?

I have heard that rumoured actually

This is one of the reasons I would consider becoming a hermit.
A hermit that has a broadband connection and is within range of a few good takeaways...